Top Bitcoin headlines — updated 02 May 2025, 09:20 ICT
- Price presses toward six-figure territory.
Bitcoin is trading around $96.8 K, up ~2 % on the day, and Bloomberg reports bids emerging just below $100 K, the highest level since late February. - Wall Street deepens crypto push.
Morgan Stanley is in early talks to add spot-crypto trading to its E*Trade platform, following client demand and a friendlier US regulatory climate.
In parallel, the “Big Four” US wirehouses – Merrill Lynch, Morgan Stanley, Wells Fargo, UBS – are preparing to open spot-Bitcoin ETFs to millions of brokerage customers, a shift that could unleash a fresh wave of inflows. - ETF flows stay positive.
Invesco’s spot-BTC ETF logged a $10.6 M net inflow on 1 May, contributing to roughly $3.7 B YTD inflows across all US products; traders read the steady buying as short-term bullish. - Regulatory cross-currents.
• White House 2025 framework calls for tighter exchange and stable-coin oversight, signalling heavier compliance costs but clearer rules of the road.
• UK treasury outlined parallel reforms earlier this week to keep pace with the US approach.
• At the other extreme, Kuwait has launched raids on illicit home-mining operations amid an electricity crunch. - Corporates keep stacking BTC.
• Block Inc. will divert 10 % of monthly Bitcoin-related gross profit to fresh BTC purchases and raised its 2025 earnings outlook.
• MicroStrategy filed a $21 B at-the-market share offering after posting another quarterly loss, explicitly earmarking proceeds for more Bitcoin. - Sector pulse.
• Most large US-listed miners project Q1 losses despite the post-halving rally, underscoring margin pressure from the April-2024 reward cut.
• SGX confirmed plans to list open-ended Bitcoin perpetual futures in H2 2025, broadening institutional access in Asia.
As of May 2, 2025, Bitcoin (BTC) is trading near $97,000, marking a significant rebound of approximately 18% since the end of March. This surge is attributed to a combination of institutional investments, favorable regulatory developments, and macroeconomic factors.
📈 Market Overview
- Current Price: Approximately $96,975, with a 24-hour trading volume of $32.73 billion.
- Market Capitalization: Around $1.9 trillion.
- Year-to-Date Performance: Bitcoin has appreciated over 3% in 2025.
🏦 Institutional Involvement
- Strategy (formerly MicroStrategy): Despite reporting a Q1 loss of $16.49 per share, Strategy increased its 2025 Bitcoin gain target from $10 billion to $15 billion. The company holds 553,555 BTC, acquired at an average price of $68,459.
- Morgan Stanley: Plans to introduce cryptocurrency trading, including Bitcoin and Ethereum, to its E*Trade platform. The firm is also exploring partnerships with crypto companies to build necessary infrastructure.
- SoFi: Announced the reintroduction of crypto investing services, citing favorable regulatory shifts under the Trump administration.
🏛️ Regulatory Landscape
- U.S. Federal Reserve: Market participants are pricing in a 60% probability of an interest rate cut, which is contributing to bullish sentiment in the crypto market.
- Office of the Comptroller of the Currency (OCC): Recently relaxed requirements for banks to engage in crypto activities, including custody services and participation in blockchain networks.
📊 Market Dynamics
- ETF Flows: While some Bitcoin ETFs have seen flat inflows, others are experiencing increased activity, indicating a mixed but generally positive investor sentiment.
- Institutional Buying: Analysts suggest that continued institutional demand could drive Bitcoin’s price as high as $200,000 within the year.
🔮 Outlook
The convergence of institutional investment, regulatory support, and macroeconomic factors suggests a favorable environment for Bitcoin’s continued growth. However, investors should remain vigilant of potential market volatility and regulatory changes.
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